Arqaam Capital

What Arqaam Capital does

Arqaam Capital is a Dubai-headquartered, full-service investment bank specializing in emerging and frontier markets, particularly the MENA region. Founded in 2009, the firm operates through multiple regulated entities across the UAE (DFSA), Saudi Arabia (CMA), Egypt (EFRA), Cayman Islands (CIMA), and Lebanon, with a workforce of approximately 170 individuals spread across 5 offices representing 25+ nationalities. The firm serves institutional investors, sovereign wealth funds, governments, and corporate issuers, offering a complete platform of services: Sales & Trading (equity, credit, derivatives), Investment Banking (corporate finance, capital markets advisory), Asset Management (Fixed Income Asset Management/FIAM and Equities Asset Management/EQAM), Research, Principal Investments, Wealth Management, and Digital Offerings. The Arqaam Islamic Income Fund is a flagship Shariah-compliant product that has won multiple Lipper Fund Awards.

The firm generates revenue through four primary streams: investment banking fees (advisory, arrangement, underwriting commissions on IPOs, debt issuances, and M&A), asset management fees (management and performance fees on fixed income and equity products), brokerage commissions (equity and credit trading, market making on regional exchanges including Tadawul, DFM, ADX, and Egyptian exchanges), and research subscriptions. Arqaam Securities Brokerage Egypt ranks as the second-largest institutional broker in Egypt with 15% market share, trading 50 billion EGP in January-May 2024 alone. The firm has acted as joint bookrunner on multiple notable IPOs including Dubai Residential REIT (AED 2.15 billion, 26x oversubscribed), Consolidated Grunenfelder Saady Holding (SAR 300 million), and Action Energy Company on Boursa Kuwait.

Arqaam distributes its services through direct institutional sales teams across regional offices, complemented by its annual MENA Investor Conference which serves as a flagship platform connecting 90+ corporate issuers (representing USD 1 trillion+ market cap) with 222 investors from 110 buy-side firms and generating 600+ investor interactions. The firm is privately held with strategic institutional shareholders including Emirates NBD PJSC (8.32%) and Commercial Bank International PJSC (6.35%), and has received two recent strategic investments from Ethmar International Holding PJSC (May 2025) and Bader Nasser Al-Kharafi's BNK Group (July 2026) to fund MENA-wide expansion. Leadership includes CEO Riad Meliti, Chairman Sami Sindi, and UAE Country Head Hazem Abdel-Mohsen, with demonstrated relationships to global institutions including BlackRock Investment Institute and co-mandates with Citigroup, JPMorgan, and HSBC on sovereign debt transactions.

Name

Arqaam Capital

Legal name

Arqaam Capital Limited

Website

https://arqaamcapital.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Arqaam Capital is a Dubai-based, full-service investment bank specializing in emerging and frontier markets across MENA, serving institutional investors, sovereign entities, and corporate issuers with sales & trading, investment banking, asset management, research, and brokerage services across 5 offices.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro industry

PRIMARYBPAHAOAL

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

SECONDARYBPAHAOAE

Equity Capital Advisory (Private Equity Placements, Growth Capital)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

SECONDARYBPAHADAB

Corporate Finance & Capital Advisory

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Strategy & Corporate Finance Advisory

SECONDARYFSAAAHAB

Investment-Grade Corporate Credit

Financial & Insurance/Asset & Wealth Management/Asset Management — Fixed Income & Credit

Keywords

• Investment banking
• Asset management
• Brokerage services
• Equity research
• Emerging markets finance

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Banking Fees: Advisory fees, arrangement fees, and underwriting commissions from capital markets transactions including IPOs, debt issuances, and M&A advisory.
2. Asset Management Fees: Management fees and performance fees from fixed income and equity asset management products including the Arqaam Islamic Income Fund.
3. Brokerage Commissions: Commissions from equity and credit trading, market making, and liquidity provision services on regional exchanges.
4. Research Subscriptions: Research reports and market intelligence distributed to institutional clients.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Arqaam Capital is a Dubai-based private investment bank operating across MENA and global emerging markets, providing integrated financial services including investment banking advisory, asset management, sales and trading (equities, credit, derivatives), institutional research, principal investments, and wealth management solutions for institutional, corporate, government, and high-net-worth clients.

Product overview

Arqaam Capital is a financial services firm operating across emerging and frontier markets, organized as a platform-plus-modules architecture. The core offerings span Sales & Trading (Equity Trading, Credit Trading, Derivatives), Investment Banking (Corporate Finance, Capital Markets Advisory), Asset Management (Fixed Income Asset Management/FIAM, Equities Asset Management/EQAM), Research, Principal Investments, Wealth Management, and Digital Offerings. Dedicated products include the Corporate Brokerage Solution and Shariah Compliant Derivatives. The firm operates through multiple regulated entities including Arqaam Capital Limited (DIFC/Cayman), Arqaam Securities LLC (UAE), Arqaam Capital Financial Company (KSA), and Arqaam Securities Brokerage (Egypt), providing regional coverage across the MENA region.

Differentiator

Problem solved

Functional benefit

Brands

• Arqaam Islamic Income Fund: Shariah-compliant fixed income fund recognized for consistent risk-adjusted performance across 3-year and 5-year horizons, winning LSEG Lipper Fund Awards in MENA Markets.
• Arqaam Fixed Income Asset Management (FIAM)
• Arqaam Equities Asset Management (EQAM)
• Arqaam Markets
• Arqaam Principal
• Arqaam Wealth
• Arqaam Digital

Products and services

• Investment Banking Advisory
• Sales and Trading
• Asset Management
• Institutional Research
• Principal Investments
• Wealth Management
• Corporate Brokerage Solution
• Shariah-Compliant Derivatives

Quantifiable outcome

• 15% market share of Egyptian institutional trading volume
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Welspun WorldcoreChannel Partner/ Reseller/ Distributor · 18 June 2026Arqaam Capital advised Welspun World on successful sale of 4.6% stake in East Pipes Integrated Company (approximately SAR 284 million) through off-market negotiated deal.
• BlackRock Investment InstitutecoreGTM or Marketing Partner · 3 June 2026Ben Powell, Chief Middle East and APAC Investment Strategist at BlackRock Investment Institute, opened Day 2 of Arqaam's 12th MENA Investor Conference 2025.
• OQ GroupcoreChannel Partner/ Reseller/ Distributor · 18 February 2026Arqaam Capital co-curated and delivered OQ Group Investor Relations Strategy Workshop, supporting Oman's state energy group's capital markets engagement.
• Muscat Stock ExchangecoreStrategic or Co-development Partner · 12 February 2026Collaboration on forum 'Strengthening Oman's Capital Markets: Research, Liquidity & Investor Engagement' focusing on financial research, investor relations, and liquidity programs.
• Pure Health HoldingcoreChannel Partner/ Reseller/ Distributor · 24 October 2025Arqaam Securities appointed as Liquidity Provider for Pure Health Holding on Abu Dhabi Securities Exchange.
• Arab Federation of Capital MarketsminorGTM or Marketing Partner · 25 June 2025Arqaam Capital joined AFCM as affiliate member, enhancing industry engagement and visibility across Arab capital markets.
• Centroid SolutionscoreTechnology or Integration · 21 November 2024Integration with Centroid Solutions enhancing client access to key financial markets across UAE and GCC through expanded trading connectivity.
• Al Rajhi CapitalcoreChannel Partner/ Reseller/ Distributor · 18 January 2024Collaboration for market making on Tadawul, beginning with AMAK Mining Company. Partnership expands market making capabilities on Saudi Exchange.
• Investcorp CapitalcoreChannel Partner/ Reseller/ Distributor · 18 January 2024Arqaam Capital serves as advisor and liquidity provider for Investcorp Capital, leveraging emerging markets strengths to foster growth and stability.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• EFG Holding (formerly EFG Hermes): The largest investment bank in the MENA region, offering investment banking, asset management, brokerage, and research across frontier and emerging markets. Directly comparable as a full-service MENA-focused platform; notably, Arqaam's new MD Karim Baghdady previously led at EFG Holding, evidencing direct talent overlap.
• CI Capital: Egyptian investment bank offering investment banking, asset management, securities brokerage, and research with deep MENA exposure. Comparable as a regional IB + AM platform; Baghdady's prior tenure at CI Capital further links the two firms in talent and coverage model.
• Emirates NBD Capital: UAE-based investment banking arm of Emirates NBD, an 8.32% shareholder in Arqaam, providing MENA ECM/DCM advisory, brokerage, and asset management. Directly comparable product set and customer base; co-mandated alongside Arqaam on the Republic of Benin Sukuk transaction.
• Al Rajhi Capital: Leading Saudi investment bank offering brokerage, asset management, and investment banking across KSA and the GCC. Comparable as a regional full-service platform; partnered with Arqaam on Tadawul market making for AMAK Mining.
• Mashreq Capital: UAE-based asset management and investment banking arm of Mashreq Bank, focused on MENA equities, fixed income, and advisory. Comparable as a UAE-headquartered regional player with overlapping institutional client base and product offering.
• Shuaa Capital: Dubai-based investment bank with asset management, investment banking, and brokerage across the GCC. Comparable as a UAE-headquartered mid-size MENA investment bank competing for similar regional mandates and institutional clients.
• Beltone Financial Holding: Egyptian investment bank providing brokerage, asset management, and advisory across MENA. Comparable as a regional player with strong Egyptian institutional brokerage presence similar to Arqaam Securities Brokerage Egypt.
• Investcorp: Bahrain-headquartered alternative investment firm with MENA asset management and corporate investment activities. Comparable as a regional MENA-focused investment platform; Arqaam acts as advisor and liquidity provider for Investcorp Capital.

Regional players

• National Investments Company (NIC Kuwait): Kuwait-based investment bank and asset manager serving institutional and retail clients across the GCC. Comparable as a regional IB/AM platform; co-invested with BNK Group in Arqaam's 2026 strategic capital raise for Kuwait expansion.

Broad incumbents

• Mubadala Capital: Abu Dhabi sovereign wealth fund's investment platform managing private equity, venture capital, and public markets across MENA and globally. Comparable as a deep-pocketed regional capital markets participant, though broader and principal-investment-oriented rather than a pure advisory/brokerage firm.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ArqaamCapital
• LinkedInlinkedin.com/company/arqaam-capital
• Instagraminstagram.com/arqaam.capital

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries13 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arqaam Capital